Air Lease Corporation

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Air Lease Corporation
Traded as NYSEAL
Russell 1000 Component
Industry Aircraft Leasing
Founded February 2010 (2010-02)
Headquarters Los Angeles, California, US
Key people
Revenue US$ 1.1 billion (2014)[2]
US$ 256 million (2014)[2]
Number of employees
65 (2014)[2]

Air Lease Corporation (ALC) is an American aircraft leasing company founded in 2010 and headed by Steven Udvar-Házy.[1] Air Lease purchases new commercial aircraft through direct orders from Boeing, Airbus, Embraer and ATR, and leases them to its airline customers worldwide through specialized aircraft leasing and financing.

As of the end of 2014, Air Lease reported that it owns 213 Airbus, Boeing, Embraer, and ATR aircraft, which it leases to over 80 airlines across 47 countries in every major geographical region in the world.[2]

Air Lease provides airlines with net operating leases, which require the lessee to pay for maintenance, insurance, taxes and all other aircraft operating expenses during the lease term. [2]

As of 2015, Air Lease has on order approximately 400 aircraft, worth over US$30 billion, and had a 2014 market capitalization of US$ 4.0 billion.[1] [3]


Steven Udvar-Házy, chairman and chief executive of Air Lease, was a founder of Century City aircraft leasing giant International Lease Finance Corp. (ILFC) and stayed on as chief executive after it was sold to American International Group (AIG) in 1990.[4] Udvar-Házy left ILFC to start Air Lease in 2010 following a dispute with AIG.[5]

Udvar-Házy started Air Lease in February 2010 with former ILFC chief operating officer John Plueger, who has the same role at the new company. On April 19, 2011, AL had an initial public offering of Class A stock on the New York Stock Exchange, and raised an estimated total of US$ 965.6 million.[6] Udvar-Hazy, estimated by Forbes in 2015 to have a net worth of $3.7 billion, has a 7 percent stake.[7]


  1. ^ a b c "Bloomberg profile". Retrieved 20 May 2015. 
  2. ^ a b c d e "Annual report". Archived from the original on 9 June 2015. Retrieved 20 May 2015. 
  3. ^ Ostrower, Jon (11 March 2015). "Jet Makers Urged to Hold Off on All-New Models". The Wall Street Journal. Retrieved 20 May 2015. 
  4. ^ Leslie Wayne (10 May 2007). "The Real Owner of All Those Planes". The New York Times. Retrieved 2007-05-10. 
  5. ^ Seth Lubove (2012-10-04). "Jet-Lease Billionaire Udvar-Hazy Takes On AIG Hand That Fed Him". Bloomberg Business. Retrieved 20 May 2015. 
  6. ^ "Air Lease IPO to Target Emerging Markets". Los Angeles Business Journal. January 17, 2011. Retrieved April 19, 2011. 
  7. ^ "Steven Udvar-Hazy". Forbes-World's Billionaires. 9 March 2011. Retrieved 2011-04-27. 

External links[edit]